Bath & Body Works: Fiscal Q4 Earnings Snapshot
By AP nullCOLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Bath & Body Works, Inc. (BBWI) on Wednesday reported fiscal fourth-quarter net income of $403 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of $1.99. Earnings, adjusted for one-time gains and costs, were $2.05 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.72 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $2.61 billion.
For the year, the company reported profit of $649 million, or $3.11 per share. Revenue was reported as $7.29 billion.
For the current quarter ending in April, Bath & Body Works expects its per-share earnings to range from 24 cents to 30 cents.
The company expects full-year earnings in the range of $2.40 to $2.65 per share.
Bath & Body Works shares have increased 12% since the beginning of the year. The stock has fallen 37% in the last 12 months.
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